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Spanx promoted a former manager to first place.
In one of its many leadership announcements, the company has on Friday said Kim Jones has been promoted to the position of chief executive, immediately effective.
Jones has worked for the womenswear brand for 15 years, most recently as president and chief financial officer.
Martin Elliott will assume the key finance role leaving Jones and will oversee all finance functions at the company. He brings over 25 years of financial planning and analysis from a number of companies including Mattel and The Walt Disney Company and most recently MGA Entertainment.
Jones worked closely with Founder and Executive Chairman Sara Blakely last year sell a controlling interest from Spanx to investment firm Blackstone, a deal that valued the company at $1.2 billion.
At the time of the acquisition, Spanx said the deal would “enables Spanx to accelerate its already rapid digital transformation and strong online presence in the e-commerce channel, expand its global footprint, and extend its commitment to creating innovative, breakthrough products for its customers in even more categories. wake up.”
Blakely credits Jones with playing a vital role in the company’s growth. “She has a deep understanding of the operational side of the business and finance disciplines and has a great instinct for the client. I have learned so much from her over the past 15 years and loved having her as a thought partner. I am excited about the growth to come and I am confident that she is the right leader to take Spanx to the next level,” Blakely said in a statement.
Spanx also announced a number of additional leadership appointments, including:
- Caroline Whitton, who has been with the company since 2017, has been promoted to president and will continue in her role as chief growth officer. She will oversee international revenue and growth efforts, including e-commerce, wholesale, digital product innovation and customer experience, among other duties.
- Misha Nonoo has been named chief brand officer, where she will be tasked with shaping the company’s creative vision and strategy. Nonoo joins the company from her ready-to-wear brand, where she was CEO and creative director.
- Coco Lu was named the company’s Chief People Officer and will oversee all talent and human resources functions at the company. She joins Spanx from The Coca-Cola Company, where she most recently served as Global Human Resources Director for the technical, innovation and supply chain function.
Blakely founded Spanx in 2000 with $5,000. The company quickly became known for its work in shapewear, but has expanded into activewear, apparel, denim, swimwear, leggings and intimates, among others.